In the US Congress explained that it hinders the contain Russia and China
In the United States, a report has been submitted which says that the state itself is driving itself into a corner, again substantially increasing military spending. A report prepared by the Congressional Budget Subcommittee states that by 2020, the budget deficit of the United States Department of Defense will overcome the psychological bar in 1 trillion dollars.
The report says that the steps to continuously increase the US military budget due to "threats emanating from China and Russia" are not compatible with the expected monthly 6-month reduction in tax collection.
In the House of Representatives, it is noted that the chosen policy of increasing military spending against the background of a worsening situation with tax collection suggests that the United States is economically ill prepared for a real confrontation with China. Representatives of the Democratic Party declare that "Trump's spending on defense looks unreasoned and even reckless." It is added that funds are allocated simply because it is “so accepted”, without taking into account the possibility of any real returns from this kind of investment.
From the statement:
We are standing on the edge of a huge budget hole and absolutely do not know what to do in such a situation.
Proponents of augmenting spending on the military industry are fended off by the fact that defense spending stimulates growth in the economy, and growth in the economy, in turn, is capable of partially covering the resulting deficit. Today, US GDP growth is fixed at 2,8%, which Trump has already called his achievement as president.
In this case, the total debt of the United States continues to break records. Today it is 21,17 trillion dollars.
Our news channels
Subscribe and stay up to date with the latest news and the most important events of the day.
Dear reader, to leave comments on the publication, you must sign in.
"Right Sector" (banned in Russia), "Ukrainian Insurgent Army" (UPA) (banned in Russia), ISIS (banned in Russia), "Jabhat Fatah al-Sham" formerly "Jabhat al-Nusra" (banned in Russia) , Taliban (banned in Russia), Al-Qaeda (banned in Russia), Anti-Corruption Foundation (banned in Russia), Navalny Headquarters (banned in Russia), Facebook (banned in Russia), Instagram (banned in Russia), Meta (banned in Russia), Misanthropic Division (banned in Russia), Azov (banned in Russia), Muslim Brotherhood (banned in Russia), Aum Shinrikyo (banned in Russia), AUE (banned in Russia), UNA-UNSO (banned in Russia), Mejlis of the Crimean Tatar People (banned in Russia), Legion “Freedom of Russia” (armed formation, recognized as terrorist in the Russian Federation and banned)
“Non-profit organizations, unregistered public associations or individuals performing the functions of a foreign agent,” as well as media outlets performing the functions of a foreign agent: “Medusa”; "Voice of America"; "Realities"; "Present time"; "Radio Freedom"; Ponomarev; Savitskaya; Markelov; Kamalyagin; Apakhonchich; Makarevich; Dud; Gordon; Zhdanov; Medvedev; Fedorov; "Owl"; "Alliance of Doctors"; "RKK" "Levada Center"; "Memorial"; "Voice"; "Person and law"; "Rain"; "Mediazone"; "Deutsche Welle"; QMS "Caucasian Knot"; "Insider"; "New Newspaper"